Kaiser Aluminum Extends Contract with Armor Holdings on U.S. Military Armor
October 03 2006 - 8:00AM
Business Wire
Kaiser Aluminum Corporation (NASDAQ: KALU) today announced a
contract extension with Armor Holdings to provide aluminum plating
for U.S. military applications. Under the contract extension,
Kaiser will deliver armor for the M1114 Up-armored HMMVV (Humvee),
a model customized for the U.S. military and equipped with
additional armored protection on the sides and underbody of the
vehicle. The M1114 has become one of the most commonly deployed
vehicles by the U.S. military abroad due to its protection from
armor-piercing projectiles and land mines. �Kaiser has worked
closely with Armor Holdings to provide top quality aluminum plating
for U.S. military vehicles and we�re pleased to extend this
contract.� said Jack Hockema, chairman, president and CEO, Kaiser
Aluminum. �We are proud to continue in the efforts to protect our
troops and serve this critical need for the country.� Ongoing
military operations across the globe have increased demand for the
durability and low weight aluminum offers. In 2004, a U.S. Armed
Services Committee meeting was convened to determine ways to
increase and expedite the production and use of armor materials in
Iraq. Since that time, Kaiser Aluminum has provided more than 11
million pounds of plating for reinforcement of U.S. military
vehicles. �Kaiser Aluminum has stepped in at a critical time and
helped us provide additional protection for the troops despite an
aggressive production schedule,� said Tony Russell, Senior VP and
GM of Armor Holdings� Ground Vehicle Survivability Division. �We
are proud to work with a company that is as dedicated as Kaiser
Aluminum to assisting our troops and providing products that we
feel enhance their safety when engaged abroad.� Kaiser Aluminum is
a leading producer of fabricated aluminum products for aerospace
and high-strength, general engineering, and automotive and custom
industrial applications. The company has more than 2,000 employees
and 11 plants in North America and produces more than 500 million
pounds annually of value-added sheet, plate, extrusions, forgings,
rod, bar and tube. For more information, please visit our Web site
at www.kaiseraluminum.com. Armor Holdings, Inc. (NYSE:AH) is a
leading manufacturer and distributor of military vehicles, vehicle
armor systems and life safety and survivability systems serving
military, law enforcement, homeland security and commercial
markets. Additional information can be found at
http://www.armorholdings.com. F-1058 Kaiser Aluminum press releases
may contain statements that constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995 involving known and unknown risks and uncertainties that
may cause actual results, performance or achievements of the
company to be materially different from those expressed or implied.
Kaiser Aluminum cautions that such forward-looking statements are
not guarantees of future events and that actual events may vary
materially from those expressed or implied in the forward-looking
statements as a result of various factors. These factors include:
(a) the effectiveness of management's strategies and decisions; (b)
the company�s ability to complete its expansion projects as planned
and by targeted completion dates; (c) the company�s ability to meet
contractual commitments and obligations to supply products meeting
required specifications; (d) customer performance; (e) changes in
defense spending; (f) developments in technology used by the
company, its competitors or its customers; and (h) other risk
factors summarized in the company's Annual Report on Form 10-K (for
example, see Item 1A. "Business --Risk Factors" and Item 7.
"Management's Discussion and Analysis of Financial Condition and
Results of Operations") and other reports filed with the Securities
and Exchange Commission. Kaiser Aluminum Corporation (NASDAQ: KALU)
today announced a contract extension with Armor Holdings to provide
aluminum plating for U.S. military applications. Under the contract
extension, Kaiser will deliver armor for the M1114 Up-armored HMMVV
(Humvee), a model customized for the U.S. military and equipped
with additional armored protection on the sides and underbody of
the vehicle. The M1114 has become one of the most commonly deployed
vehicles by the U.S. military abroad due to its protection from
armor-piercing projectiles and land mines. "Kaiser has worked
closely with Armor Holdings to provide top quality aluminum plating
for U.S. military vehicles and we're pleased to extend this
contract." said Jack Hockema, chairman, president and CEO, Kaiser
Aluminum. "We are proud to continue in the efforts to protect our
troops and serve this critical need for the country." Ongoing
military operations across the globe have increased demand for the
durability and low weight aluminum offers. In 2004, a U.S. Armed
Services Committee meeting was convened to determine ways to
increase and expedite the production and use of armor materials in
Iraq. Since that time, Kaiser Aluminum has provided more than 11
million pounds of plating for reinforcement of U.S. military
vehicles. "Kaiser Aluminum has stepped in at a critical time and
helped us provide additional protection for the troops despite an
aggressive production schedule," said Tony Russell, Senior VP and
GM of Armor Holdings' Ground Vehicle Survivability Division. "We
are proud to work with a company that is as dedicated as Kaiser
Aluminum to assisting our troops and providing products that we
feel enhance their safety when engaged abroad." Kaiser Aluminum is
a leading producer of fabricated aluminum products for aerospace
and high-strength, general engineering, and automotive and custom
industrial applications. The company has more than 2,000 employees
and 11 plants in North America and produces more than 500 million
pounds annually of value-added sheet, plate, extrusions, forgings,
rod, bar and tube. For more information, please visit our Web site
at www.kaiseraluminum.com. Armor Holdings, Inc. (NYSE:AH) is a
leading manufacturer and distributor of military vehicles, vehicle
armor systems and life safety and survivability systems serving
military, law enforcement, homeland security and commercial
markets. Additional information can be found at
http://www.armorholdings.com. F-1058 Kaiser Aluminum press releases
may contain statements that constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995 involving known and unknown risks and uncertainties that
may cause actual results, performance or achievements of the
company to be materially different from those expressed or implied.
Kaiser Aluminum cautions that such forward-looking statements are
not guarantees of future events and that actual events may vary
materially from those expressed or implied in the forward-looking
statements as a result of various factors. These factors include:
(a) the effectiveness of management's strategies and decisions; (b)
the company's ability to complete its expansion projects as planned
and by targeted completion dates; (c) the company's ability to meet
contractual commitments and obligations to supply products meeting
required specifications; (d) customer performance; (e) changes in
defense spending; (f) developments in technology used by the
company, its competitors or its customers; and (h) other risk
factors summarized in the company's Annual Report on Form 10-K (for
example, see Item 1A. "Business --Risk Factors" and Item 7.
"Management's Discussion and Analysis of Financial Condition and
Results of Operations") and other reports filed with the Securities
and Exchange Commission.
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